Since its official launch in 1994, Amazon has quickly become the largest online retailer in the world. The multinational technology company primarily focuses on e-commerce, artificial intelligence and digital streaming. Amazon is also the second-largest employer in the United States with 750,000-plus employees. With such a large number of workers, you would assume that Amazon employee benefits are minimal. However, this is far from the truth. Amazon continues to reward its loyal employees and eligible family members with a full range of benefits.
If you are putting together an employee benefits package, you may be wondering what benefits to include. Here is a look at some of the top Amazon employee benefits and why you should consider adding these perks to your own employee benefits package.
Benefits for All, No Matter What
Amazon hires full-time, part-time and seasonal positions in both the U.S. and Canada. Workers in nearly all positions are eligible for certain benefits. What makes Amazon a leading employer is its ability to give all job candidates and employees a fair chance to succeed, starting from the interview process. Amazon is known for its bias-resistant interview process in which every hiring manager and interviewer is trained to be unbiased. The same concept applies to employee benefits. Workers in all positions have the right to access certain benefits that will improve their life and overall well being.
Full-time employees and eligible family members in the U.S., including domestic partners and children, are offered a comprehensive benefits package. These benefits include:
- Medical, dental, vision and prescription drug coverage
- 401k savings plan
- Holiday overtime pay and paid time off
- Discounts on Amazon purchases
- Resources designed to help an employee’s wellbeing
Benefits can vary based on location, the number of hours worked, the length of employment and job status. Health insurance is a common benefit offered across the board. Amazon’s medical plan provides employees with the flexibility to choose a plan based on their coverage needs. Several plans are available, including a Health Savings Account with employee/employer contributions. Amazon employees also have access to a medical advice line which they can call 24/7 for a free consultation with a nurse, or for a small fee, a doctor.
Amazon aims to provide its employees with financial security. To achieve this, they offer a 401k plan that allows workers to defer their compensation for long-term savings. There is also a company match, as well as other investment options. The leading retail business also offers company-paid short-term and long-term disability. Another benefit offered by Amazon is company-paid life and accidental death and dismemberment insurance which gives employees the option to enroll in additional coverage.
With so many employees, all with different life circumstances and needs, Amazon aims to cover a wide range of scenarios when it comes to benefits. For employees going through the adoption process, the company offers adoption assistance for both domestic and international adoptions. For moms- and dads-to be, Amazon also offers maternity and paternity leave options. This includes a unique “leave share” option with a flexible return to work program.
When employees need time off, they can take advantage of both paid and unpaid time off throughout the year. If an employee works on certain Amazon holidays, they can earn time and a half. These holidays include New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. In addition to time off, all Amazon employees have access to a network of support. The company’s free Employee Assistance Program consists of 24/7 support and resources to help with both work and personal life issues. From estate planning to financial counseling, Amazon employees have the information and resources needed to manage any type of life crisis.
Serve Part-Time Employees
While full-time employees that work for Amazon have access to a wide range of benefits, they are not the only ones who can enjoy these perks. Unlike many large businesses, Amazon also provides benefits to its part-time employees. To be eligible for these benefits, an employee has to work more than 20 hours per week. Part-time workers may be offered life and disability insurance, as well as dental and vision coverage with premiums always paid in full by Amazon. The company also provides employees with funding for medical insurance.
Anticipate Your Employees’ Needs
When putting together an employee benefits package, it is important to anticipate your employees’ needs. While traditional offerings like medical, retirement and disability benefits are certainly useful and appreciated, consider other benefits that modern employees may want for better health and productivity. For example, instead of offering a bare-bones health insurance plan, consider adding dental and vision coverage to cover these costly expenses.
Create a Positive Work Culture
Speak with someone who has worked for Amazon in the present or past and you will likely hear good things. The online retailer promotes collaboration between employees which helps create a comfortable and productive dynamic. Employees also have the chance to work on exciting and innovative projects that make work a little more fun.
Creating a positive work culture is more important than you think. Good workplace culture improves teamwork, increases efficiency, raises morale and enhances retention of the workforce. It also reduces stress which can have a direct impact on physical and mental health. In short, creating a positive work culture results in happier and healthier employees and that is good for everyone.
Consult with BBG For More Information
Amazon is dedicated to hiring the best people to work for the customer-centric company. Of course, this would not be easily achieved without some sort of incentive. An excellent employee benefits package, along with additional free resources, is what makes Amazon an attractive employer.
Developing a great employee benefits package can be challenging. To help get you started, rely on an experienced benefits consultant. At Business Benefits Group, we provide businesses of all sizes with insightful and impactful services designed to help your company thrive. For more information or to request a consultation, reach out to BBG today.